The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1887-09-16

| ond to none in this section of the country,
and lis product has been extraordinary.
After taking dinner at Mr.. Elmore's, We
drove mile and half southerly and exam
| ined the Red Peach, the Lazy Sleeper and
Desert mines The two former are good
mines. The Desert has a peculiar forma
tion, from which $50. 900 has been taken out
| with two shafts from 100 to 16O feet. and the
smoothest kind of walls. There is an un-
limited amount Of profitable ore in sight and
many believe this mine itself is worth the
capital of the company The Red Peach
has probably hundred tons of ore on its
dump. with four shafts varying from sixty
TO a hundred feet deep.
Tue Lazy Sleeper, too. has q great devel-
| opment upon it.
The Golden Eagle is a gold mine of fine
| promise, from which l saw certificates OF
/ large yields.
WONDERFUL FIGUR
Asked what improvements were eontem-
plated, Mr.. Elmore said 1--WE can easily
supply three twenty-stamp mills for an In
! definate period on the properties. They
would woIk $50 tons OF ore per day, at an
average of $50 per ton. At q low estimate
| this would be S9, 900 per day.
with proper machinery this can be
worked st an expense CT SO per ton, which
would be 81, 800 per day, leaving net per day
/ 81 200. or for thirty days S2l6. 600. or for a
year 81, 562 600, which will be over two and
half times our capital stock each Year but
at first we shall start with a twenty stamp
mill. which should give Us $500, 600 per year
net, OF so per cent, per annum on our cap
ital stock. l am now bending every effort
to attain these results. We are negotiating
now for hosting works and a fOTtY-stamp
mill, and l hope soon to obtain them. Mean
while We shall continue 70 run our little FIVE
stamp mill, aud develop and improve the
property all in our power. i know Of no in-
yestment in America that will pay as well as
the shares of oUr company.
WORTH MANY MILLIONS.
After a weeks time spent at the mines in
daily examination of the Work, in seeing
assays made, watching the battery samples
and seeing the ore retorting and running
into bullion and ste mDed, and reading Ger
tifcates OF $3.50, 900 tor bullion shipped to the
Bank OF California in the las: two years,
and seeing one bar Of >. 100 ounces sent for
ward while l was there, ] left Impressed
confidence of the public, and that the man
agement in New York had far underestima-
ted It's value in their statements. | found
property worth anywhere from SO OOO, 600.
TO $50 OOO. 600, and possibly 500 600 600, as
the Comstocks have proven TO be. and have
made thousands OF men rich. found the
Tortilita not only great property, but one
that is managed in the best way. IL has a
jewel in Mr. ElmOre, the superintendent.
who is as honest as he is able, the essential
thing that interests the stockholders after
the value of the property.
feel assured that in the near future the
ToTtilita mining camp will become one of the
largest on the Pacific coast with the necessa-
~ machinery for working tbs mines.
Driving back to Tucson remained there
short time. and found the Tortilita excit-
ing more attention than any other mining
property in the Territory. and there are
some rich ones there. For example, the
Silver King, not far distant, has paid s., ,oOO,-
600 (S20 per share) in dividends from one
mine alone, while the Tortilita company has
twelve. The Raymat and VikoI. in another
direction, have turned out millions, and
made their owners rich, as have the renown-
ed TOmbStones and Quijotoa. The Tortili-
tas are on the tongue OF every body. and Mr..
Elmore is looked for with bullion every
month as regularly as the month comes
round.
THE MANAGEMENT
Before any further reference is made to
the mining properties brieiydescriSede above,
IL will be proper to say something seout the
na al q . ba
sion these mines and their accessories have
come; for the readers OF the Pos, are always
iDqsiSitiye concerning new acquaIntances.
The TUrtilla Gold and Silver Mining Com
pany has for its president Mr.. Joseph II.
Real. president also OF the American AyTi-
cultural and Dairy Association, and well
known among the farmers of America, an
experienced business man, well yersed in fl
naDcial matters, whose name is prominently
mentioned for Vice President Of the Urited
States with Cleveland, as the representative
OF the agricultural interests; and Rodman
NJ Price, Jr., the secretary. Is 4 well known
mirine and civil engineer, VINO has lust re-
turned from an eight wears residence in Ar
izona, where he selected the Tortilitas as the
best mines in the Territory He IS a worthy
son of his distinguished father, ex Governor
Price
THE PROPERTY SELE-SE STAINING
This property, unlike most mining enter.
prises inviting capital is producing and
sef-sGstaining one, with a 5-stamp mill in
good order, which has been running for
nearly three years continually; the mill has
Just been furnished with ne~cams, dies and
tsppets, which puts the plant reality in as
good order as when built; nine tons of ore
are worked per day while with a 2O-stamp
mill to be erected forty tons can be worked
at but slight additional expense, and oyer
6. 600 per day earned.
WHAT PRESIDENT REAIL SAYS
President Real, in a recent interview,
printed ia the Boston Globe, said
when the former owners Of the Tortili-
ia came TO me with their properties, recon-
merdeG by some Of the best men in America
Tor their personal worth, they asked me 10
accept the presidency CT the company and
raise capital to extend their work. | inves-
tigated the enterprise thoroughly, only 10
fGd that their representations were far be-
meath what the facts would bear, and am
getting daily proofs of the greater value OF
the property. When took hold of the en-
terpTise 1 deteEmined 70 apply the business
principles 10 it which had learned by TWEEN
" years active experiences. I reatized the
prejudiees that had to be met and the Diff
culties that had tS be overcome. L deter
mined to handle mining stock the same as
any regular eomIOodIty-that is. tO sell it on
ia merits for what it Was worth. The pub